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Jan 1, 2015
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ibm shares dropped hard this year. in fact ibm was the worst performer in the dow. one knot on big blue is the company initially missed just how disruptive cloud technology would be to its traditional businesses. >> you have the small cloud players that don't have and don't need a lot of infrastructure and can offer a solution that can cost a whole lot less and come in more quickly. i think ibm not to say was blind sided but really caught off guard. >> reporter: now changing course at ibm but drawing the cloud business organically as well as by making acquisitions. ibm expects to generate at least $7 billion in cloud revenue by 2015. ibm bowls points to other reason for optimistism as well. they say the stock isn't investive and a 20 year low, a possible contrarian indicator. ibm is an iconic global brand that has reinvented itself in the past. the question now is whether they can execute another transformation of big blue. if not, she risks another disappointing year for her shareholders. for "nightly business re josh lipton in silicon valley. >> every year this ti
ibm shares dropped hard this year. in fact ibm was the worst performer in the dow. one knot on big blue is the company initially missed just how disruptive cloud technology would be to its traditional businesses. >> you have the small cloud players that don't have and don't need a lot of infrastructure and can offer a solution that can cost a whole lot less and come in more quickly. i think ibm not to say was blind sided but really caught off guard. >> reporter: now changing course...
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Jan 29, 2015
01/15
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the enterprise. >> i think the partnership with ibm. and the work we have going on the enterprise is profound. i think we're going to change the way people work. i'm really excited about the apps that are coming out and how fast the partnership is getting up and running. >> now the big question for investors is whether apple can keep the momentum going. one way the tech giant can keep pleasing shareholders boost the capital return program. certainly apple can afford it. it's current cash pile $178 billion for nightly business report i'm josh lipton in silicon valley. >> the next big sector to report latest quarterly earnings this season will be the oil majors with demands so low and oil prices sliding nearly 60% over the next 7 months. what should investors expect from the energy sector. >> earnings season kind of like the super bowl on wall street. we've heard from the banks and some big names in tech. what will energy companies have to say now that oil's trading around $45 a barrel. it all kicks off tomorrow with conoco phillips valer
the enterprise. >> i think the partnership with ibm. and the work we have going on the enterprise is profound. i think we're going to change the way people work. i'm really excited about the apps that are coming out and how fast the partnership is getting up and running. >> now the big question for investors is whether apple can keep the momentum going. one way the tech giant can keep pleasing shareholders boost the capital return program. certainly apple can afford it. it's current...
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Jan 3, 2015
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with ibm, the worst performing dow stock for the past two years, ceo jinny ra met tee needs to reverse the trend. >> i think rametti has been dealt a tough hand. getting the company to a $20 eps number. >> reporter: heshe did abandon the forecast with her own strategy to reinvigorate the tech giant on mobility and security for corporate clients, a plan expected to put the past years woes behind ibm so the stock rings up gains in the new year. for "nightly business report," i'm mary thompson. >>> still ahead, intel started 2015 right where it left off in 2014. that would be higher as the shares soared nearly 40% in the past year. can they keep moving higher? >>> well it probably won't take long for the new republican controlled senate to push for legislation to complete the controversial keystone xl pipeline. next week when the new congress comes into session, a senate committee is scheduled to vote on legislation approving that pipeline. the vote will then pave the way for the bill to come up on the entire senate floor. it's been a long time coming. also in washington the white house t
with ibm, the worst performing dow stock for the past two years, ceo jinny ra met tee needs to reverse the trend. >> i think rametti has been dealt a tough hand. getting the company to a $20 eps number. >> reporter: heshe did abandon the forecast with her own strategy to reinvigorate the tech giant on mobility and security for corporate clients, a plan expected to put the past years woes behind ibm so the stock rings up gains in the new year. for "nightly business report,"...
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Jan 22, 2015
01/15
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the dow up 39 points despite a big drag from a 3% decline in shares of ibm following weaker full year guidance. the nasdaq was up 12 and the s&p added 9 points. with stock's gains and losses today, investors are looking for some real direction tomorrow when we learn just what the ecb has in store for europe and for the global economy. the european central bank has one big tool left in its belt quantitative easing. a massive bond buying program aimed at restoring growth to its economy similar to the one the u.s. federal reserve ended latz fall. the big questions are, just how big will the program be how many euros are involved how long will it last and ultimately will it be enough to make a difference? >> to think that the ecb has a magic wand and will already change all the situation in europe by its magic wand in my opinion is not the appropriate reasoning. we need the ecb to do more. >> stock markets are looking for a big a package as possible. one possible guest? $500 billion euros, some call for unlimited, as long as it takes approach. anything less than 500 billion euros is likel
the dow up 39 points despite a big drag from a 3% decline in shares of ibm following weaker full year guidance. the nasdaq was up 12 and the s&p added 9 points. with stock's gains and losses today, investors are looking for some real direction tomorrow when we learn just what the ecb has in store for europe and for the global economy. the european central bank has one big tool left in its belt quantitative easing. a massive bond buying program aimed at restoring growth to its economy...
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Jan 29, 2015
01/15
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. >> reporter: apple's latest success comes as another technology giant ibm announced it is cutting 118,000 jobs worldwide. kristen saloomey, al jazerra new york. >>> now to south africa where traditional healers are fighting for greater recognition. and a new law may soon give them that. the government has also promised to protect patients from fraud. natasha ghoneim reports. >> reporter: this traditional healer is throwing bones or using a bag of sea shells and animal bones to make a diagnosis. on this morning the patient is 49-year-old jacqueline, she has been coming here for treatment for 12 years. she combines herbal medicines from the healer with the drugs her doctor prescribes for a chronic illness. >> translator: they are both important. there is no competition. >> reporter: her healer, agrees. that traditional and western medicine compliment one another. she says she's aware of her limitations and refers patients to western doctors when necessary, but respect from others in the healthcare industry is lacking. >> translator: one of the key things we are fighting for is recognition.
. >> reporter: apple's latest success comes as another technology giant ibm announced it is cutting 118,000 jobs worldwide. kristen saloomey, al jazerra new york. >>> now to south africa where traditional healers are fighting for greater recognition. and a new law may soon give them that. the government has also promised to protect patients from fraud. natasha ghoneim reports. >> reporter: this traditional healer is throwing bones or using a bag of sea shells and animal...
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Jan 28, 2015
01/15
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the latest success comes as another technology giant ibm announced it was cutting 120,000 jobs worldwide. al jazeera new york. >> if it's that successful should it be paying more tax? we're joined by advocass sit action in u.k. he works with governments and companies to tackle tax avoid avoidance. apple would say that it's not breaking the law and it does not make the tax laws. >> you can't blame companies. they'll take what they can get from governments, and i think a key point here is that governments do need to do more. i think governments need to catch up where consumers and voters and the tax practices of these big companies as well. that's why earlier this week, international ngos are calling on the u.k. government to do more to crackdown. >> this is a problem isn't it. how difficult is it to get a global agreement on tax regulations. of course if countries make it very--make tax very easy and less for companies companies move their operations to other countries and invest in the economic of the other countries. that's the problem. it's competitive between nations to see who they c
the latest success comes as another technology giant ibm announced it was cutting 120,000 jobs worldwide. al jazeera new york. >> if it's that successful should it be paying more tax? we're joined by advocass sit action in u.k. he works with governments and companies to tackle tax avoid avoidance. apple would say that it's not breaking the law and it does not make the tax laws. >> you can't blame companies. they'll take what they can get from governments, and i think a key point...
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Jan 23, 2015
01/15
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ibm trading above $47 a barrel. a stark contrast when it was above $100. patricia sabga is here. >> this is a swing producer. i heard o.p.e.c. described as saudi arabia and the 11 dwarfs. it is a huge impact on the press of oil. it has tumbled about 60%. bench mark crude has tumbled. a combination of two factors. the other factor is that there's a lot of supply. saudi arabia could influence the oil if they want to cut production. but it's keeping the task open. >> we talked about the lack of transparency in saudi arabia. what we know and don't know. what do we know about how important it is for saudi arabia to continue a smooth relationship with the united states when it comes to oil. >> it is hugely important for saudi arabia to point relations with the u.s. >> you have to look at the relationship not in terms of common values because there are not. what you have is common interests. this is real pol tick. this is basically - we need each other. the u.s. needs saudi arabia and saudi arabia needs the u.s. how do you think his death in the transition will p
ibm trading above $47 a barrel. a stark contrast when it was above $100. patricia sabga is here. >> this is a swing producer. i heard o.p.e.c. described as saudi arabia and the 11 dwarfs. it is a huge impact on the press of oil. it has tumbled about 60%. bench mark crude has tumbled. a combination of two factors. the other factor is that there's a lot of supply. saudi arabia could influence the oil if they want to cut production. but it's keeping the task open. >> we talked about...
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Jan 5, 2015
01/15
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a day after more officers turned their backs to protest mayor ibm deblasio at the funeral of a fellow officer he and the police commissioner expressed their disappointment. >> they were disrespectful to the families who had losted their loved ones. i can't understand why anyone would do such a thing in a context like that. >> i just don't understand it. i'm sorry i just do not understand that. what was the need in the middle of that ceremony to engage in a political action? i don't get it. >> tensions between the mayor and nypd have been running high. many officers bill deblasio sided with protesters, after the grand jury decided not oindict a white officer in the death of eric garner. the mayor has often said he has warned his biracial son about the dangers of police encounters. the mayor tried to defuse the situation sitting down with union leaders last week. >> what he said today is actions speak lowrd than louder than words and time will tell. >> led do a slow down in arrests and summonses. >> we have had a lot of things impacting on activity levels but even with that activity the
a day after more officers turned their backs to protest mayor ibm deblasio at the funeral of a fellow officer he and the police commissioner expressed their disappointment. >> they were disrespectful to the families who had losted their loved ones. i can't understand why anyone would do such a thing in a context like that. >> i just don't understand it. i'm sorry i just do not understand that. what was the need in the middle of that ceremony to engage in a political action? i don't...
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Jan 31, 2015
01/15
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i caught up with leah busque in davos and asked the former ibm software engineer about her vision. >> i thought about the greater landscape of categories of services. it connects people to share resources. right now we're focused in and around home services and finding people who want to offer handyman help, moving help personal assistance, house cleaning services. one of the interesting areas i think a lot about is the idea of commodityization of services versus investing. what i see happening is a lot of companies are thinking about on demand services, and just thinking about how can we commodityize and grow as fast as possible. one of the things that is missing out that have equation is the actual workforce behind these services. this really pierre to pierre service economy that is emerging that enables the flexibility and empowers them to be their own entrepreneurs. >> that is much more interesting to me. the commodityization is dangerous for instance, where you can get a bid and artist to design a logo overnight. the money is going to the lowest wage place possible. that kid who
i caught up with leah busque in davos and asked the former ibm software engineer about her vision. >> i thought about the greater landscape of categories of services. it connects people to share resources. right now we're focused in and around home services and finding people who want to offer handyman help, moving help personal assistance, house cleaning services. one of the interesting areas i think a lot about is the idea of commodityization of services versus investing. what i see...